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FINANCIAL_SERVICESAPPROVED

Mount Olive Township School District Agenda Regular Meeting 2026-05-11

HCESC to Manage Technology and Equipment Lease Financing

½ of 1% of the financial transaction amount (approximately $1,600,000), not less than $1,500 or more than $9,500Mount Olive Township School DistrictHUNTERDON COUNTY EDUCATIONAL SERVICES COMMISSION (HCESC)May 11, 2026

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Description

The Board authorized the Hunterdon County Educational Services Commission to provide lease purchase bidding advisory services for about $1.6 million in financing for technology, equipment, and maintenance vehicles. HCESC will structure the financing, run the competitive process, and assist with closing for a capped percentage-based fee.

Contract Details

Contract Amount

½ of 1% of the financial transaction amount (approximately $1,600,000), not less than $1,500 or more than $9,500

Vendor

HUNTERDON COUNTY EDUCATIONAL SERVICES COMMISSION (HCESC)

Agency

Mount Olive Township School District, NJ

Contract Type

FINANCIAL_SERVICES

Document Date

May 11, 2026

Renewal Info

Engagement is limited to a specific lease-purchase financing for technology, equipment, and maintenance vehicles; future financings will require new approvals.

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Mount Olive Township School District (New Jersey)½ of 1% of the financial transaction amount (approximately $698,000), not less than $1,500 or more than $9,500May 11, 2026

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